Stock Market & Financial Investment News

priceline.com price target raised to $1,480 from $1,350 at EvercoreEvercore raised the price target for priceline.com to $1,480 from $1,350 following the strong Q4 report and said guidance is likely conservative. Shares are Overweight rated.

Priceline price target raised to $1,425 from $1,375 at Deutsche BankBlackhawk raised its price target for Priceline shares to $1,425 after upping its estimates following the company's "solid" Q4 results. It keeps a Buy rating on the name.

Priceline price target raised to $1,400 from $1,315 at Pacific CrestPacific Crest said Priceline's better than expected earnings, currency-neutral bookings and roomnights in Q4 show that its underlying growth is robust. The firm raised its price target on the stock to $1,400 and maintains its Outperform rating on the name.

Priceline reports Q4 adjusted EPS $10.85, consensus $10.10Reports Q revenue $1.84B, consensus $1.8B. Reports Q4 gross travel bookings, which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by its customers, were $10.7B, an increase of 17% over a year ago, or approximately 23% on a local currency basis.

Priceline plans to acquire Rocketmiles for $20M, WSJ saysPriceline's venture unit plans to buy hotel booker Rocketmiles for roughly $20M, reports the Wall Street Journal, citing people familiar with the matter. The Journal notes that the deal may entice Priceline customers to book hotels through the Priceline network rather than individual hotel sites. Reference Link